Trade Idea: WBHO

Trade Idea: WBHO

A problematic Australian contract and a payment in accordance with a settlement agreement between the government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). However, earlier this month the group reported 4.1% growth in revenue for the financial year ended 30 June, compared with the previous financial year.